TORONTO, June 27, 2014 /CNW/ - RBC Global Asset Management Inc. (RBC
GAM) today announced that effective June 27, 2014, the name of RBC
$U.S. Income Fund will change to RBC U.S. Monthly Income Fund.

The investment objectives and strategies of the fund have not changed.
The fund will continue to offer a U.S. dollar purchase option. The
change is effective today, upon the renewal of the RBC Funds 2014
Simplified Prospectus.

New Canadian Dollar Purchase Option
In addition, effective August 11, 2014, the RBC U.S. Monthly Income Fund
will offer a Canadian dollar purchase option available to investors
through the following: Series A, Advisor Series, Series F (available
via financial advisors), Series D (available via direct-to-client
platforms, PH&N Investment Services and RBC Direct Investing) and
Series H and I.

About RBC Global Asset Management and RBC Wealth ManagementRBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada
(RBC), and includes institutional money managers BlueBay Asset
Management and Phillips, Hager & North Investment Management. RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through mutual
funds, exchange-traded funds, hedge funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of
companies manage more than C$335 billion in assets and have
approximately 1,200 employees located across Canada, the United States,
Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top 10 largest wealth managers*. RBC
Wealth Management directly serves affluent, high-net-worth and
ultra-high net worth clients in Canada, the United States, Latin
America, Europe, the Middle East, Africa, and Asia with a full suite of
banking, investment, trust and other wealth management solutions. The
business also provides asset management products and services directly
and through RBC and third party distributors to institutional and
individual clients, through its RBC Global Asset Management business
(which includes BlueBay Asset Management). RBC Wealth Management has
more than C$690 billion of assets under administration, more than C$426
billion of assets under management and approximately 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the
United States, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.